Dangote Industries (Lagos) says it has signed a $3.3-billion loan agreement with a consortium of local and international banks, which will be used for the construction of the biggest oil refinery, petrochemical and fertilizer plants in Nigeria. The plants will cost a total of $9 billion and will generate up to 9,500 direct and 25,000 indirect jobs, in addition to reducing current volumes of refined fuel imports by around 50% and will effectively stop imports of fertilizer. The $9 billion project will be financed by $3 billion equity and $6 billion loan capital...